A 149
Includes value of certain properties exempt from taxation in valuation used to calculate State school aid in SDA districts.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill changes how New Jersey calculates state school aid for certain districts, known as SDA districts. Currently, the value of properties exempt from local taxes – like those receiving the Long Term Tax Exemption – is not included when determining a district’s financial capacity for aid calculations. This legislation amends the state’s funding formula to incorporate the value of these exempt properties, potentially increasing state aid to districts with significant amounts of tax-exempt land.
Sponsors
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Primary sponsors
Michael Inganamort
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